National Asset Management Inc. Purchases New Stake in Cano Health, Inc. (NYSE:CANO)

National Asset Management Inc. bought a new position in shares of Cano Health, Inc. (NYSE:CANOGet Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,000 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gleason Group Inc. bought a new position in Cano Health during the first quarter worth about $41,000. Mirabella Financial Services LLP bought a new position in Cano Health during the fourth quarter worth about $90,000. Pictet Asset Management SA bought a new position in Cano Health during the fourth quarter worth about $94,000. Ensign Peak Advisors Inc bought a new position in Cano Health during the fourth quarter worth about $103,000. Finally, GSA Capital Partners LLP boosted its position in Cano Health by 21.7% during the fourth quarter. GSA Capital Partners LLP now owns 12,913 shares of the company’s stock worth $115,000 after purchasing an additional 2,302 shares during the period. Institutional investors own 37.64% of the company’s stock.

Cano Health Trading Up 0.8 %

Shares of CANO opened at $6.14 on Tuesday. The firm’s 50 day simple moving average is $5.38 and its 200 day simple moving average is $5.62. The company has a market capitalization of $2.97 billion, a P/E ratio of -21.93 and a beta of 1.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.04 and a quick ratio of 2.04. Cano Health, Inc. has a 1-year low of $3.81 and a 1-year high of $15.58.

Cano Health (NYSE:CANOGet Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $704.34 million for the quarter, compared to the consensus estimate of $676.10 million. Cano Health had a negative net margin of 0.55% and a negative return on equity of 6.66%. Sell-side analysts forecast that Cano Health, Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CANO. Citigroup cut their target price on shares of Cano Health from $10.00 to $8.00 in a research report on Tuesday, May 10th. Cowen lowered their price target on shares of Cano Health from $13.00 to $10.00 in a report on Tuesday, May 10th. Raymond James began coverage on shares of Cano Health in a report on Friday, June 24th. They issued an “outperform” rating and a $8.00 price target on the stock. UBS Group lowered their price target on shares of Cano Health to $14.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Finally, Bank of America downgraded shares of Cano Health from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $6.00 in a report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.90.

About Cano Health

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Cano Health, Inc provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement.

See Also

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Institutional Ownership by Quarter for Cano Health (NYSE:CANO)

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